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Glenn Hegar
Texas Comptroller of Public Accounts
Glenn Hegar
Texas Comptroller of Public Accounts
Glenn Hegar
Texas Comptroller of Public Accounts

Texas Statewide Economic Snapshot


As the state’s chief financial officer, I monitor the economic health of our state and its regions.

My office has divided the 268,000 square miles of Texas into 12 economic regions, each with at least one Census-defined metropolitan statistical area (MSA) considered to be an economic center or “focus” for that region. Below we examine demographic and economic statistics that influence the entire state’s economy.

Glenn Hegar
Texas Comptroller of Public Accounts

Population Growth TEXAS AND U.S., 2010-2017

Texas 12.6%

U.S. 5.5%

Source: U.S. Census Bureau

Texas had an estimated total population of
28.3 Million in 2017, 12.6 percent or 3 million more than in the 2010 census.

Economy
Receipts Subject To Sales Tax, 2007-2017

Sales receipts subject to Texas state sales tax trended upward in the past decade, with a significant climb following the 2009 recession. While the trend leveled off somewhat from 2014 to 2016, higher growth resumed in 2017.

Revenue Subject to Texas Sales Tax, 2007 to 2017
Year Subject to Texas Sales Tax
2007 $330,278,179,769
2008 $349,714,254,911
2009 $315,364,296,469
2010 $326,089,404,510
2011 $361,942,118,931
2012 $398,649,894,316
2013 $421,844,060,026
2014 $456,217,805,889
2015 $457,879,905,244
2016 $453,636,195,871
2017 $483,135,308,754

Source: Texas Comptroller of Public Accounts

Income

Texas and U.S. Annual Per Capita Income, 2017

In 2017, annual per capita income in Texas was 46 thousand dollars, slightly below the U.S. value of 49 thousand dollars.

Source: U.S. Bureau of Labor Statistics

Texas Household Income, 2017

Texas Household Income, 2017
Income Level State Total
less than $25,000 22.2%
$25,000 to $50,000 23.6%
$50,000 to $75,000 17.8%
$75,000 to $125,000 20.2%
more than $125,000 16.1%

Source: U.S. Census Bureau

Demographics

Texas Population by Ethnicity

Texas is an ethnically diverse state; 38.6 percent of its total population is Hispanic; and 11.6 percent of the population is Black (not Hispanic).

*Not Hispanic / Numbers may not add due to rounding.



43.4% of Texans are white.  38.6% are hispanic. 11.6% are black. 6.3% are other ethnicities.

Source: U.S. Census Bureau




Conclusion

Texas is both urban and rural, with a dynamic and diverse economy. Its economy has seen a steady upswing in the last 10 years, with the state’s economic diversity insulating Texas from the full effect of the 2009 recession and helping to mitigate the results of the oil price plunge in 2014.

Since the 2010 Census, Texas has added more than 3 million people. The state’s most populous counties, as well as all MSAs, have median ages on par with or younger than the state’s median of 34.2 years.

Unsurprisingly, businesses supporting the oil and gas industry are highly concentrated in the state. But, some of the highest annual wage increases during the last decade were in the air transportation subsector. The Texas economy’s strength can be illustrated by the increase in receipts subject to Texas state sales tax – about $170 billion (more than 50 percent) since the 2009. Consistent growth in the Capital and Metroplex regions has led the way. With continued economic vibrancy and diversity, Texas is poised to continue its historic economic success.


To see a complete list of the Comptroller’s 12 economic regions, plus more in-depth county-by-county data, visit the Economic Regions of Texas.


Questions?

If you have any questions or concerns regarding the material on this page, please contact the Comptroller's Data Analysis and Transparency Division.

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